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Burka [1]
3 years ago
13

The customer service department for a wholesale electronics outlet claims 90% of all customer complaints are resolved to the sat

isfaction of the customer. In order to test this claim, a random sample of 15 customers who have filed complaints is selected. Part A
Let x = the number of sampled customers whose complaints were solved to the customer’s satisfaction. Assuming the claim is true, write the binomial formula for the situation. Part B Use the binomial tables (see Table A.1in the text) to find each of the following if we assume that the claim is tru:
Business
1 answer:
Lorico [155]3 years ago
6 0

Answer:

Kindly check explanation

Explanation:

Given

Probability of success, p = 0.9

Number of trials = sample size, n = 15

q = 1 - p

The binomial formula for this situation is written as :

P(x = x) = nCx * p^x * q^(n-x)

P(x = x) = 15Cx * 0.9^x * (1-0.9)^(15-x)

(1) For ; P(x ≤ 13).

P(x = 0) + p(x = 1) +... + p(x = 13)

Using a calculator :

P(x ≤ 13) = 0.451 (3 decimal place)

(2) For ; P(x > 10).

Using calculator :

P(x > 10) = p(x = 11) + p(x = 12) +... + p(x = 15)

P(x > 10) = 0.9873

(3) For P(x ≥ 14).

Using calculator ;

P(x ≥ 14) = [p(x = 14) + p(x = 15)]

P(x ≥ 14) = 0.5490

(4) P(9 ≤ x ≤ 12).

P(9 ≤ x ≤ 12) = p(x = 9) + p(x = 10) + p(x = 11) + p(x = 12)

P(9 ≤ x ≤ 12) = (0.001939 + 0.01047 + 0.042835 + 0.128505) = 0.1837

(5) For P(x ≤ 9) ;

Using calculator ;

P(x ≤ 9) = p(x = 0) + p(x = 1) +... + p(x = 9)

P(x ≤ 9) = 0.00225

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Jada converted her personal residence to rental property in 2018. She purchased the property in 2014 for $110,000, of which $10,
creativ13 [48]

Answer:

a)Jada's basis for depreciation in the property is NIL.

b) Personal property that has no intrinsic value is called 'INTANGIBLE PROPERTY'.

Explanation:

Due to a decline in the property values over the past few years Jada has converted her personal residence to rental property and/or investment property which is a subject dealt within IAS 40 (Investment property).

According to IAS 40 an investment property is land or building held to earn rentals or for capital appreciation or both rather than use in the entity. IAS 40 requires to initially measure investment property at cost and subsequently may either measure at cost or fair value model. Fair value is normally established by prevailing market prices.

IAS 40 also mentions that if an asset is revalued to fair value the gain and loss should be recorded in statement of profit and loss and 'NO DEPRECIATION IS CHARGED ON THE ASSET AFTER THE FAIR VALUE MEASUREMENT'.

Therefore, following the instructions laid out by IAS 40 Jada's basis for depreciation in the property is NIL.

2) Personal property with no intrinsic value:

Personal property that has no intrinsic value is called 'INTANGIBLE PROPERTY'.

Lets first understand what intrinsic value is. Intrinsic value of an asset refers to the market led and/or market-driven price of that asset. This means those assets which don't have an active market for sale and purchase will have no intrinsic value. This is absolutely the case with intangible assets, because most intangible assets are unique and uncommon, such as, GOODWILL, PATENTS, COPYRIGHTS, therefore due to the uniqueness and exclusivity of such assets an active market place doesn't exist therefore it's hard to determine an intrinsic value for such kind of assets/ properties.

5 0
3 years ago
A video game system is on sale for 25% off its original price. If the original price is $200, how much money will be saved?​
NeX [460]

Answer:

$50

Explanation:

25% = 1/4

200 / 4 = 50

50*3=150, which is 25% off.

8 0
4 years ago
How does a firm in perfect competition identify profit maximizing output levels? How does this differ from profit maximization l
igor_vitrenko [27]

Answer: A monopolistic company will produce to the point where the marginal cost is equal to marginal income, which is the production point called optimal.

Marginal Income = Marginal Cost

In other words, from that point the company is not able to obtain more profit if it increases its production. Because it happens that the cost of producing one more unit is greater than the marginal income for that unit, it would be necessary to reduce the level of production because it is excessive.

As in a situation of perfect competition the company is accepting price, then it sells its product at the price given by the market, so its optimal point will be: Marginal Cost = Marginal Income = Price

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3 years ago
Retailing is composed of all of the business activities that add value to the products and services customers buy. This includes
ivolga24 [154]

Answer: Finance, purchasing, accounting, suppying

Explanation:

Retailing is known as a sub middleman in business that buys from the wholesaler and sells to the consumer in smaller quantity not as big as the wholesaler.

The following are activities of the retailer, although it might not be all followed by many retailers but depending on their ability and understanding

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-Accounting

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3 0
3 years ago
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Answer:……….I am sorry I do not know

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Explanation:

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